Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1062%/8h= +116.3% APRpaid last 24h −0.045%

Price spread now: Gate against Kraken Futures+0.037%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Gate is 0.037% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	35.017	−0.1062	get 0.0133% / 1h	8m 18s	$8K	$31K	20x
Short	Gate SOXS_USDT	35.030	0	get 0.0000% / 8h	1h 08m	$2.0M	$9.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: $223.06
Price spread: +0.037% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $201.81
Costs to cover: 0.250%
Break-even: 0.7 days

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	1.43 bp	15.7 bp −$16	38.8 bp −$388	98.5 bp −$9,850	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOXS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOXSUSDlong	−0.1062%	1h	35.017	long leg	$8K	$31K	20x
edgeX SOXSUSDC	−0.0908%	4h	35.066	+0.140%	$38K	$184K	10x	as long as short
BloFin SOXS-USDT	−0.0017%	8h	35.030	+0.037%	$165K	$57K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.032	+0.045%	$13.3M	$167.8M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.050	+0.095%	$3.9M	$10.1M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.040	+0.066%	$2.5M	$14.7M	25x	as long as short
Gate SOXS_USDTshort	0.0000%	8h	35.030	+0.037%	$2.0M	$9.1M	25x
MEXC SOXS_USDT	0.0000%	8h	35.020	+0.009%	$13.1M	$10.7M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	35.059	+0.120%	$5.1M	$16.0M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	35.070	+0.152%	$299K	$325K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXS-USDT	0.0000%	8h	35.040	+0.066%	—	$4.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.110	+0.266%	$12K	$23K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.060	+0.123%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.030	+0.037%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.040	+0.066%	$725K	$2.2M	10x	as long as short